Professional services regulation: estate agents

AuthorHristova, Nataliya
Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU Coun try Fiche Bulgaria
9. Prof essional ser vices regulation: estat e agents
9.1 Mar ket entry and st ruct ure regulation
Ta ble 20 : Ma rk et entr y a nd st ru ctu re reg ula tio n
Regu lati on
Sub ject ive req uir emen ts
Qual ificat ions (lev el an d du rat ion o f ed ucation
and tr aining, diplo mas, exams, traineesh ips o r
pr ofessi onal ex perien ce requ irem ent s,
concours) re quir ed t o becom e an esta te a gent
in your count ry.
No reg ulat ion on q ualifica tion s to be o btai ned by real estat e agent s.
Obj ecti ve r equi rem ents
Do num eru s clause s and ot her ob ject ive
requir ement s exist ?
Form ally not, but in pra ctice t hese are m ost ly r equi red by t he
em ploy er. The most com mon of the m a re:
1. Com plet ed second ary ed ucat ion;
2. Clear j udicial past , m eani ng t hat the p erson hasn’t been sentenced
to impr isonm ent for in tenti onal crim e as an adul t;
3. Seni ority of 6 mont hs,;
4. 16 year s of age.
There are not ‘num erous clausus’ f or the ex erci se of th e professio n of a
real estate a gent .
Licence r equi rements
Are estat e ag ents licenced or d o t hey w ork as
em pl oy ees?
Bot h opt ions are p ossibl e in pract ice. Well -known rea l est ate a genci es
hi re t heir agents on emp loym ent con tra cts. In thi s case, th ey work as
em ploy ees. Other agen cies w ork wi th their age nts on civ il cont racts. I n
th is ca se, t hey are f ree-l ance. A m inorit y of est ate agen ts wo rk
indep enden tly wit hout cont ractual rel ation with a Rea l est ate agency.
In all cases a bove no licen se is r equi red.
Cit izenshi p re quir eme nts
Is u nlim it ed access to the profe ssion grant ed to
foreign pr ofession als de iu re and de fact o?
Yes. Ther e ar e no lim itat ions.
Int er-p rofessi onal
cooper at ion
Are est ate agen ts a llow ed t o exerci se an oth er
pr ofessi on o r busi ness act ivity ? I s int er-
pr ofession al coop erat ion reg ulat ed?
Yes. Ther e ar e no lim itat ions.
No, but in pract ice most of Real esta te agencies h ave employ ees, wh o
repr esent di ffer ent prof ession s / engi neer s, a rchi tect s, l egal advisers,
accou ntant s, propert y v aluat ors/

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